Market News

  • Euro zone bond yields rise on Greek anxiety, U.S. data caution

    Euro zone government bond yields rose on Thursday as investors cut exposure before U.S. jobs data that could bolster bets on a Federal Reserve rate hike later this year and as Greek bailout talks stalled again. Peripheral euro zone bonds underperformed top-rated peers as this week's rally…

    Reuters18 mins ago
  • European Stocks Are Little Changed Amid Greece, U.S. Jobs Data

    European stocks were little changed, after rebounding from a four-month low, as investors awaited a Greek referendum on creditors’ proposals this weekend and a U.S. jobs report later on Thursday. Equities fell as negotiations over Greece’s bailout broke down when Prime Minister Alexis Tsipras…

    Bloomberg24 mins ago
  • Australia hails 'tremendous' UN barrier reef decision

    Australia Thursday hailed a United Nations decision to keep the Great Barrier Reef off its endangered list as "tremendous", but activists warned more must be done to improve the marine park's health. The world's biggest coral reef ecosystem, which has had World Heritage Site status since 1981, has…

    AFP44 mins ago
  • Shanghai Down 3.5%: There's Got To Be A Lot Of Margin Calls

    Beijing's attempt to loosen margin financing rules did not shore up China's two stock markets today. Behind the Great Wall, there's got to be a lot of margin calls, even though China's securities regulator said earlier this week there was little.

    Barrons.com53 mins ago
  • Oil prices edge up after sliding on U.S. stock build

    Oil prices edged up on Thursday, partially recovering from price falls of 2.5 to 4 percent a day earlier as U.S. stockpiles rose for the first time in months on the back of high production. Following a 4.2-percent drop on Wednesday, front-month U.S. crude futures were trading at $57.15 per barrel…

    Reuters
  • JGBs slip in line with U.S. Treasuries, but 10-year sale supports

    Decent demand at a 10-year sale underpinned Japanese government bond prices on Thursday, as yields took their cues from a drop in U.S. Treasuries after a stronger-than-expected report on private jobs growth revived bets on a Federal Reserve rate hike later this year. The benchmark 10-year JGB…

    Reuters
  • Asia stocks rise for third day though Greece, China concerns weigh

    Asian stocks rose for a third consecutive day on Thursday though widening cracks in Chinese stocks and Greece's standoff with its creditors capped gains while the dollar was bolstered by upbeat U.S. economic data. Investor sentiment globally was remain cautious in the coming weeks amid uncertainty…

    Reuters
  • Arizona copper mine stirs debate pitting profits vs religion

    Outside of an aging mining town in the mountains east of Phoenix, a copper company has burrowed a shaft 1.3 miles into the high desert landscape in what is believed to be the deepest such mine in the U.S. ...

    Associated Press
  • Italian bond futures open down on Greek anxiety

    Italian bond futures fell on Thursday after a defiant message from Greece's prime minister urging voters to reject an international bailout deal in Sunday's referendum, cooling hopes of a breakthrough. ...

    Reuters
  • GLOBAL MARKETS-Asia stocks rise for third day though Greece, China concerns weigh

    Asian stocks rose for a third consecutive day on Thursday though widening cracks in Chinese stocks and Greece's standoff with its creditors capped gains while the dollar was bolstered by upbeat U.S. economic data. Investor sentiment globally was remain cautious in the coming weeks amid…

    Reuters
  • European Stock-Index Futures Advance Amid Greece, U.S. Jobs Data

    The Stoxx Europe 600 Index rose 1.5 percent on Wednesday after slumping 3.9 percent the previous two days, its biggest decline of the year. Equities fell as negotiations over Greece’s bailout broke down when Prime Minister Alexis Tsipras announced a surprise July 5 referendum on creditors’ aid…

    Bloomberg
  • BlueScope Steel Soars 24%: Fund Manager Ups Stake

    By Robert Guy Australia’s BlueScope Steel (BSL) soared 24% today, bringing its gains over the past three days to 31%.  That’s a big turnaround for a company that has seen its stock head only one way for a long time – down. There was no news of substance out on BlueScope (begging the question of…

    Barrons.com
  • Singapore Regulator Gives First Warning on Trading SGX Stock

    The Monetary Authority of Singapore has regulatory oversight over SGX, while also working with it to monitor the rest of the city’s listed companies. Two trading disruptions last year earned SGX a reprimand and a bar on raising fees until fixes are made. Shares in Southeast Asia’s biggest…

    Bloomberg
  • GLOBAL MARKETS-Asia stocks rise for 3rd day though Greece, China concerns weigh

    Asian stocks advanced for a third consecutive day and the greenback advanced on Thursday helped by upbeat U.S. economic data though weak Chinese stocks and Greece's standoff with its creditors capped gains. Broader investor sentiment is also expected to remain cautious in the coming weeks,…

    Reuters
  • Arrium Said to Work With Lazard on Consumables Unit Approaches

    Arrium Ltd., the Australian iron ore and steel producer, is working with Lazard Ltd. as it studies approaches it received for its mining consumables operations, people with knowledge of the matter said. Trade buyers and private-equity firms have expressed interest in part or all of the unit since…

    Bloomberg
  • Active ETFs Gain in Canada in Challenge to Mutual Funds

    Actively managed exchange-traded funds are surging in Canada, posing a challenge to the mutual-fund industry that has the highest management fees in the world. Assets in actively traded ETFs jumped to about $7.33 billion as of May 31, up almost 50 percent from a year ago, according to data…

    Bloomberg
  • The 10 Best Stocks to Hold Forever

    Few people realize these stocks exist. But many of the richest, most successful investors have been cashing in on them for decades. Now you can too...

    StreetAuthoritySponsored
  • Palm Favored Over Gold as OCBC Lists Second-Half Commodity Picks

    Tropical commodities including palm oil are favored over gold and copper in the second half, according to Oversea-Chinese Banking Corp., which warned of rising risks to farm supplies from the El Nino weather pattern. Palm oil was seen at 2,300 ringgit ($610) a metric ton in the final quarter, from…

    Bloomberg
  • Oil Prices Hit Two-Month Low on U.S. Inventory Data

    Oil prices skidded to their lowest level in two months Wednesday in a selloff spurred by a supply glut that just won’t quit.

    The Wall Street Journal